Okay, you apply for a credit card, and then you qualify; now you have your card with you. For sure the next thing you will do is to use your credit card. But, what is the best way to do that? Well, here are some simple ways.
Basically, credit cards are a great way to make purchases. They also provide a way to postpone payment on items and thereby earn more interest on your money. They are convenient to use as you don’t need to carry cash. But, a lot of people make a mistake and end up having a huge amount of debt.
The real problem is that many people spend money without keeping track of how much they have charged. But, if used properly credit cards can be a life saver. One of the basic rules: spend only what you can afford to pay. If you don’t have the money to pay for something, then you shouldn’t charge it. Save enough money to pay before you buy what you want. Keep track of your spending so you will not end up paying interest and fees. Avoid making late fees and as much as possible pay in full. Those are the simple rules that save any person having great credit card debt.